Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Mylan Stock Is Jumping Today

TheMotleyFool

0 0

Shares of Mylan (NASDAQ: MYL) had jumped 7.5% higher as of 11:26 a.m. EDT on Monday after rising as much as 18.5% earlier in the day. The nice gain came after Mylan and Pfizer (NYSE: PFE) announced plans to combine Pfizer's Upjohn unit with Mylan in an all-stock transaction.

Mylan has struggled for a while with a challenging generic drug market, in the U.S. especially, weighing on its growth. The proposed transaction will combine Mylan with Upjohn, the Pfizer segment that focuses on off-patent branded and generic established medicines, to create a new global pharmaceutical company.

Image source: Getty Images.

Quelle Fool.com

Like: 0

MYL

Share